US Dollar declines on Fed rate cut, profit taking
The US Dollar Index (DXY) dipped marginally following the Fed's 25 basis point interest rate cut, currently trading around 104.50. The statement highlighted the Fed's continued commitment to balancing its dual mandate of price stability and maximum employment.
Fed Meeting Live Updates: Powell discusses latest rate cut, inflation and Trump
Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve. With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.
Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest ...
On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...
The Associated Press on MSN4d
New Interest Rate Cut Comes Amid Post-Election Economic UncertaintyTrump had talked up cryptocurrencies during his campaign, and the dollar would likely benefit from higher ... At that ...
The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back ...
The dollar dipped on Monday as investors braced for wide-ranging implications for the global economy this week from the ...
China inflation slowdown signals weaker Aussie dollar demand; softer prices may support an RBA rate cut in December.
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